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we know china's economy is on the mend. that's good news for mgm china. they have one resort right now but back in october mgm got permission to build a hotel and casino on the strip which is a huge new development of macau. it will take years to get this up and running. most don't expect it to open until 2016 or 2017 but gives mgm growth down the road. growth guys love that stuff. mgm popped off lows. not caught the bottom here. if you wait for fiscal cliff related pullback, you probably will do better and you know they'll give us a couple. in this uncertain environment there's nothing better than a good old fashioned turnaround story. a three headed turnaround. clean up the balance sheet, vegas is improving, china is growing too. bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. how you feel about that? >> i feel really good about that. i follow this closely. expedia
we know china's economy is on the mend. that's good news for mgm china. they have one resort right now but back in october mgm got permission to build a hotel and casino on the strip which is a huge new development of macau. it will take years to get this up and running. most don't expect it to open until 2016 or 2017 but gives mgm growth down the road. growth guys love that stuff. mgm popped off lows. not caught the bottom here. if you wait for fiscal cliff related pullback, you probably will...
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Dec 21, 2012
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china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another countdown to new all-year highs when the dow is close to the prior peak around 600% from here. investors should be looking overseas. you want to look where there is no fiscal cliff equivalent, primarily in emerging markets. but nonpartisan analysts have pointed out that if we go over the cliff and take that $600 billion with it, we go back to recession. how do you justify going into stocks and going into all-time highs if we go back to recession? >> that assumes all else being equal, the problem is you look at europe, it's recoveri
china ma and japan. and i think you can start to nibble a little on china and japan, as well. >> michael, is there an argument to be made that you don't want to touch stocks right now until you have some clarity on this fiscal cliff? just in case we see a big sell-off? >> there is, but i'll argue, too, that you're talking about $600 billion being sucked out of the economy next year. the s&p made $20 trillion. while we are looking at the fiscal cliff countdown, there is another...
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Dec 21, 2012
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where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending, capital spending down, we have some other parts of our business that are doing extremely well. you mentioned some of the mechanics business we're involved in which we call our materials technology group. that has nothing to do with electronics so we don't have to sell any electronic hardware for those businesses to perform well. parts of our business really are a reflection of the economy and other parts of our business are growing very robustly. so i'm very hopeful for the balance of the year and, you know, i think the company is diversified enough to take advantage of whatever opportunities are out there.
where is that coming from because i see china coming back a little, maybe europe's done going down, we seem to be a little bit stalled. somebody's building something around this world. >> i think it's a matter of jabil being very competitive in the markets that we serve and having sufficient diversification so that if one part of our business, for instance networking or telecommunications may be going through a lull or a slower period with government spending and business spending,...
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Dec 21, 2012
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china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult,
china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud...
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Dec 21, 2012
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a thought for our viewers, think about what happened in china last week right when this happened. 23 children were stabbed in a school and they lived. it was a knife and not a gun. it probably would have ended differently if it had been a gun like in connecticut. >>> ahead a blizzard threatens to ryan holiday travel plans for thousands. plus the hot seat on capitol hill. officials making promises. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. >>> our third story "outfront," a major snowstorm paralyzing holiday travel. there has been near blizzard conditions already in chicago. half a foot of snow forecast and the timing coming be worse. tomorrow will be the worst day of the holiday season. karen mcginnis is out front. what's the latest on the storm and is it going to move east in. >> it is going to be moving east and this powerful area of low pressure is now centered just over the lowe
a thought for our viewers, think about what happened in china last week right when this happened. 23 children were stabbed in a school and they lived. it was a knife and not a gun. it probably would have ended differently if it had been a gun like in connecticut. >>> ahead a blizzard threatens to ryan holiday travel plans for thousands. plus the hot seat on capitol hill. officials making promises. [ female announcer ] research suggests cell health plays a key role throughout our lives....
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Dec 21, 2012
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china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu euro. that's signaling the market is very concerned about that going forward. >> copper, as well, i think is another indicator. >> you know, roger, i hear all of this, and you're somebody who knows what happens behind the scenes in washington. you know how these thingsz work. when you see how this is setting up at this point, what do you really see as the most likely scenario between now and the end of the year and then into january? >> first of all, i don't think anybody wins if we go over the fiscal cliff. i don't. i doubt we would stay ove
china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu...